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Global Economy

Why are foreign investors buying land in Illinois, and what does it mean for the state?

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ChicagoGlobal by AJ Caughey

In Illinois, Chinese investors own only about one square mile of land, while Portuguese, Italian, and Canadian interests hold over 760 square miles combined.

An aerial view of farm equipment harvesting a field
Joshua A. Bickel / AP
Global Economy

"It's hard to compete with Mickey Mouse": Why Chicago recruits international influencers to promote the city

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ChicagoGlobal by AJ Caughey

Chicago's strategy to boost international tourism through partnerships, like Brazilian influencer Lucas Estevam, aims to attract diverse audiences with tailored experiences.

Two people at the front of a boat with the Chicago skyline behind them.
Alejandro Reyes/Choose Chicago
Global Economy

Chicago's retail vacancies are hitting all-time highs. What can it learn from other global cities?

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ChicagoGlobal by Jack Benjamin

Reflecting a global trend, Chicago Loop retail vacancies hit a record 30%β€”most likely due to remote workβ€”necessitating revival strategies.

A person walks past an empty storefront
Erin Hooley / AP
Global Economy

Trump vs. Biden, Germany's Leaked Audio, Gaza Cease-fire Talks

Video Series
World Review with Ivo Daalder

James Harding, Matt Kaminski, and Anna Sauerbrey join Ivo Daalder to discuss the week's top news stories.

Biden Trump 2020 Debate
AP Photos
Global Politics

When digital nomads come to (Chi)town

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ChicagoGlobal by Nicole L. Cvetnic

From MedellΓ­n to Chicago, digital nomads are on the rise, contributing significantly to the global economy. But locals worry these visitors are pricing them out.

A remote worker at Lake Roland in Maryland.
Julio Cortez / AP
Global Economy

A case study in taking a small Chicago company global

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ChicagoGlobal by H. Lee Murphy

Plenty of companies around Chicago talk, or at least dream, grandiosely about global expansion. Many never make it. This one did.

Exterior image of the AIT building with its sign in the foreground
AIT
Global Economy

Why Chicago Shakespeare Theater is a must-see stop for lovers of the Bard worldwide

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ChicagoGlobal by H. Lee Murphy

There is an elite group of people around the world willing to travel anywhere to see Shakespeare well done.

Exterior view of the Chicago Shakespeare Theater
Chicago Shakespeare Theater
Global Economy

Exiting World Biz Chicago CEO weighs in on Chicago's challenges β€” and its advantages

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ChicagoGlobal by H. Lee Murphy

"The future of mankind will be dominated by 20 to 25 super-regions, with Chicago prominent among them," says Michael Fassnacht, who exits the economic development agency this month.

Michael Fassnacht
Alamy
Global Cities

In Chicago's Little Italy, time is running out

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ChicagoGlobal by Ally Marotti

"Little Italy is no longer a thing,” says one restaurant operator. β€œIt has come and gone.”

A wood fence painted with the Italian flag and a for sale sign Global Economy

Chicago transit confronts a fiscal cliff, but it isn't Caracas

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ChicagoGlobal by AJ Caughey

Chicago's transit system may need to make cuts and raise fares after COVID relief funds phase out, but riders won't likely see a systemic collapse like Venezuelan commuters experienced in the 2010s.

CTA Green Line train travels west from Chicago
AP Photos
Global Cities